When Two Becomes Eight – Quadrupling Rental Potential!
The smart way to build a Rental Portfolio
A client approached us seeking development options for a rental property of 1,012 sqm section that hosted two brick and tile units. After reviewing the site for its build feasibility, the Ashcroft team concluded that the two units could be replaced with eight new terraced homes! It was important to our client that any new dwellings would provide a comfortable and contemporary living environment for their eventual residents. Ashcroft’s Windsor Plan ticked all the boxes.
The client lives out of town so partnering with a company that could manage all aspects of the project from initial scheme plans, to council consents to construction was going to make life a lot easier. Despite the long distance relationship, great communication and sound processes have pathed the way for a smooth journey so far.
Our client is committed to creating an enviable development for this rental property, with a strong community feel. On completion, residents will enjoy beautifully landscaped grounds, secure gated entrances and niceties such as communal bike racks!
Council have approved all resource and building consents, and construction has begun – and very shortly, this client will be enjoying rental returns from eight properties, rather than two!
More Project Insights
Elevating Ground, Elevating Returns
Our client came across a great corner site which they knew would make an ideal development proposition. The site measured 746 sqm and was in a highly desirable, established Auckland suburb. The one drawback was that the site was not flat. The client initially considered the best development option would be to construct a new home and a new unit.
Why This Developer Chose Ashcroft for Back-to-Back Projects
Our client, a seasoned property developer with extensive experience in residential projects, had worked with a wide range of builders, from group home companies to independent operators. After years of managing diverse teams, she recently completed her second project` with Ashcroft Homes.
Development Potential Grows Considerably with New Unitary Plan
Our client owned two properties that sat side by side. Both properties had an existing single level 3 bedroom home.